How This Crypto Pulled Off A Surprise 60% Rally In This Area – Find Out Here

Crypto assets have different utilities, but at the end of the day, their performance will be evaluated by their trading price, volume and total market capitalization. That is perhaps the lesson that was reminded to the Polygon network and its native cryptocurrency MATIC, which continues to decline after attaining its all-time high just 10 months ago. The 14th largest crypto by market cap, according to Coingecko, is trading at $0.813 as of this writing. It has been down by 1.6% for the last 24 hours but is still sitting on a 6.2% gain over past seven days. While still far from the ATH of $2.92 which the crypto hit on December 27, 2021, the asset is among those that are on the green as the digital currency market prepares for the tail-end of 2022. Related Reading: Ethereum Price Looking At Possible Downward Shift – More Headaches Ahead For ETH? MATIC Performs Well In Dapps Area Recently, Polygon released a report that supposedly contained one of the significant accomplishments of the network for the year 2022. This pertains to the unprecedented growth in terms of the number of Decentralized Applications (Dapps) that are built on the Polygon chain, which reached the 53K mark at the end of the third quarter of this year. The number is three times bigger than the one tallied by Polygon on March of this year and 60% higher than the total for the entire second quarter. The creator of the MATIC crypto has every reason to celebrate suc...